With the information available I believe the total Outstanding Shares after the 1.4 billion share reduction should be 3,087,547,369. I would expect the new Outstanding Share total to show up on OTC Markets once processed.
As of April 30, 2018, the Outstanding Share total was 4,436,047,369. Since April 30th an additional 7,500,000 common shares were issued against accrued executive compensation on May 21, 2018, and Form 144 filed on June 18th, 2018 for sale of 44,000,000 by CEO.
With the above information this would put total Outstanding Shares at 4,487,547,369 prior to the share reduction. Post share reduction of 1.4 billion, announced on July 3rd, would bring total Outstanding Share total to 3,087,547,369.
Not to complicate matters, but the remaining Common Shares held by the CEO should be considered. As of April 30th, 2018, the CEO held 1,474,422,212 Common Shares (info found on page 20 of semi-annual report released June 15, 2018). After the June 18th Form 144 filing of 44,000,000 shares, CEO’s Common Shares was reduced to 1,430,422,212. After the July 3rd share reduction of 1.4 billion, the CEO’s remaining Common Share holdings should total 30,422,212. At some point I would expect these remaining shares to be sold and become part of Outstanding Share total.
(Speculation) Prior to Fridays 44 million trade volume, the previous 10-day average volume was 14.5 million shares. It’s possible the CEO’s 30 million shares was part of the 44 million share volume on Friday. Friday’s 44.0 million, minus 30 million CEO shares = 14 million shares (which equals the 10-day volume average).
Regardless, we got our long awaited 1.4 billion share reduction and the CEO should currently hold no more than 30.4 million shares that may later be added to the Outstanding Share total.
As of April 30, 2018, the Outstanding Share total was 4,436,047,369. Since April 30th an additional 7,500,000 common shares were issued against accrued executive compensation on May 21, 2018, and Form 144 filed on June 18th, 2018 for sale of 44,000,000 by CEO.
With the above information this would put total Outstanding Shares at 4,487,547,369 prior to the share reduction. Post share reduction of 1.4 billion, announced on July 3rd, would bring total Outstanding Share total to 3,087,547,369.
Not to complicate matters, but the remaining Common Shares held by the CEO should be considered. As of April 30th, 2018, the CEO held 1,474,422,212 Common Shares (info found on page 20 of semi-annual report released June 15, 2018). After the June 18th Form 144 filing of 44,000,000 shares, CEO’s Common Shares was reduced to 1,430,422,212. After the July 3rd share reduction of 1.4 billion, the CEO’s remaining Common Share holdings should total 30,422,212. At some point I would expect these remaining shares to be sold and become part of Outstanding Share total.
(Speculation) Prior to Fridays 44 million trade volume, the previous 10-day average volume was 14.5 million shares. It’s possible the CEO’s 30 million shares was part of the 44 million share volume on Friday. Friday’s 44.0 million, minus 30 million CEO shares = 14 million shares (which equals the 10-day volume average).
Regardless, we got our long awaited 1.4 billion share reduction and the CEO should currently hold no more than 30.4 million shares that may later be added to the Outstanding Share total.
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